Press release
AEP Names Industry Veteran Bill Fehrman as President and Chief Executive Officer
Fehrman is an accomplished leader with decades of industry experience and expertiseBenjamin G.S. Fowke III to serve as senior advisor during transition and
About this update from American Electric Power Company, Inc.
[{"type":"text","content":"Fehrman is an accomplished leader with decades of industry experience and expertiseBenjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board member\nCOLUMBUS, Ohio, June 26, 2024 /PRNewswire/ -- American Electric Power's (Nasdaq: AEP) Board of Directors has elected William J. \"Bill\" Fehrman as president and chief executive officer, effective Aug. 1, 2024.\n\n \n \n \n \n \n \n\n \nFehrman brings decades of utility operational leadership experience and in-depth knowledge of the energy industry. Most recently, he served as president and CEO of Centuri Holdings, where he helped to successfully launch Centuri as a public company, while leading their efforts to partner with regulated utilities to build, modernize and maintain energy infrastructure. Prior to that, he was president and CEO of Berkshire Hathaway Energy, where he drove significant financial growth and implemented key customer service initiatives. Fehrman also led MidAmerican Energy Company, PacifiCorp Energy and Nebraska Public Power District as president and CEO.\n\"Bill is an accomplished leader and industry veteran with a proven ability to drive operational excellence, produce strong financial results and deliver for customers and stakeholders,\" said Sara Martinez Tucker, chairman of the AEP Board of Directors. \"He led one of the nation's largest electric utility companies and a utility infrastructure firm, and his expertise and unique perspectives will help AEP implement new solutions as we build the energy system of the future to power our communities. His diverse background in finance, operations, regulatory matters, safety, cybersecurity and renewable energy will be instrumental to advancing our strategic vision. As our industry continues to change rapidly, the Board is confident that Bill is the right person to seize the opportunities ahead and lead AEP in this next chapter.\"\nFehrman is AEP's 13th president and ninth CEO in the company's 118-year history. He will succeed Ben Fowke, who has been serving as interim CEO since February 2024. Fowke, who was elected to the Board in 2022 and will continue as a board member, will serve as a senior advisor for several months to ensure a smooth transition.\n\"I've spent my entire career in the energy business, and I'm honored to join a renowned industry leader like AEP during a pivotal t...